Despite the hardships, Sri Lanka has witnessed signs of progress, such as a notable decrease in inflation rates, a decline in interest rates, and increasing foreign interest and investment. The Central Bank’s successful efforts to stabilize inflation were particularly applauded, as they reached thei...
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and HSBC Rural Bank opens for business in Hubei Province. In Vietnam,HSBC increases its stake in Techcombank to 14.4% and acquires 10% of Bao Viet, the country’s top insurer.In South Korea, HSBC agrees to acquire 51% of Korea Exchange Bank, subject...
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is a major business of the country’s banks. Thus the exchange rates of the major currencies, e.g. dollar; euro, pound sterling, etc. have a direct impact on the banking industry. Inflation can destabilize the economy, producing slower economic growth, higher interest rates, and volatile ...